Bitcoin shows activity at $28,400
Cryptocurrencies started the day with a green candle and made its investors happy. However, with the news in the evening, the red color dominated the market again.
Yesterday, as cryptocurrencies ended their downward streak with green candles in the morning, Bitcoin also tested the $30,000 level again with a 6% rise. But the news stream in the evening turned all the green candles red.
With the announcement of Arkham Alert, Mt Gox and the US government that it detected Bitcoin transactions, Bitcoin dropped by around 9% to $27,235 while Ethereum tested the same move to $1,785. Then, while it was stated from other sources that the warnings given by Arkham were wrong, rapid recovery in cryptos came with it.
Bitcoin has showed some positive signs
Bitcoin, which started the new day above $ 28,285, which is an important resistance level, shows activity at $ 28,400. Leading altcoin Ethereum, on the other hand, is finding buyers at $1,880 below the key resistance level of $1,885. The value of the crypto market is around $1.15 trillion with the recovery. Bitcoin dominance, on the other hand, is moving around 48.3%, and it is starting to increase the pressure on altcoins again by approaching the 2022 and 2023 peaks. A mixed trend prevails in altcoins.
Yesterday, the balance sheet of Meta company, which owns Facebook and Instagram in the USA, was followed. The rise in Bitcoin was supported by the balance sheet news of Meta, which earned above expectations, and the denial of the Arkham news. The US stock markets, on the other hand, finished the day with a mixed outlook due to the positive balance sheet news from the technology sector, due to the concerns about the banking sector.
Today, weekly unemployment benefits application data and first quarter growth data from the USA will be released. The US economy grew by 2.6% in the last quarter of 2022. In the first quarter growth data coming today, the leading data is expected to be 2%, pointing to the loss of momentum in the economy.
